New Reports Suggest Lisa Marie Presley was Millions of Dollars in Debt Before her Death!

Updated On March 18, 2024 | Published By: Natalie | In controversy , Death , Net Worth

Lisa Marie Presley was in debt before her death. source: Page Six

Lisa Marie Presley was in debt before her death, claims a new report.
She also lost her $ 100 million fortune throughout her life due to her poor investing habits.
The only child of Elvis Presley, Lisa Marie passed away in mid-January due to a cardiac arrest.

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Lisa Marie Presley was in huge debt before her death

After days of her death, multiple reports claim that Lisa Marie Presley had millions of deaths before she lost her life.

Reports suggest that the daughter of Elvis and Priscilla Presley cashed out two out of three of her insurance policies. She also had the intention to take out a third to pay off her $4 million debt.

The late singer-songwriter took out one for $25 million and another for $10 million. Family sources claim that the third one may have a value worth nearly $ 10 million.

The controversial star allegedly filed out paperwork to receive a big sum of $2 million, but the policy never happened because the paperwork was screwed.

She was in total debt of $4 million out of which nearly half of it was meant for the IRS. Unfortunately, Lisa who acquired her dad’s $100 million fortune also lost all of it throughout her messed up life.

After paying all her debts, her remaining wealth will be divided among the late star’s three daughters, Riley Keough and twins Finley and Harper Lockwood. But her mom, Priscilla is already contesting Lisa’s will, which threw her out as a beneficiary in 2016.

In the latest court documents, Priscilla claims that her late daughter’s signature on the document “appears inconsistent with her usual and customary signature.” She even claimed that Lisa’s name had even been misspelled.

Marie passed away earlier this month after suffering a massive cardiac arrest. She was 54.

Also, Read Sarah Ferguson Said that Her Close Friend Lisa Marie Presley Died of a Broken Heart after Her Son Benjamin’s Suicide in 2020!

Priscilla is in great pain after Lisa Marie’s death

A few days after her death, she was laid to rest next to her dad and her late son Benjamin, who committed suicide in 2020, in her Graceland estate.

The famous estate will now go to her three surviving daughters.

Priscilla, 77, is in great pain after losing her only child. Presley tweeted on Thursday saying,

“Every parent who has lost a daughter or son knows what a dark painstaking journey it is. ?,”

Lisa Marie Presley was the only daughter of late Elvis Presley and his wife Priscilla Presley — Lisa Marie Presley was the only daughter of the late Elvis Presley and his wife Priscilla Presley (Source: PEOPLE.com)

She also expressed her gratitude to her fans and supporters for their constant support during the tough times.

She said,

“To YOU, I’m truly overwhelmed with your words, your prayers, your love and your support.
“Thank you from the bottom of my heart in trying to help me get through this loss.”

Priscilla was, in fact, the first to announce the passing of her darling daughter. She took to her social media account to share the devastating news with the world.

She wrote,

“It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us. She was the most passionate, strong and loving woman I have ever known.”

Also, Read Elvis Presley’s Estate! Lisa Marie Presley’s Three Daughters will Inherit her Graceland Estate!

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